A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 26, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Jul 28, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the STAG SEC filings page.
STAG INDUSTRIAL, INC. (STAG) reported $880.6M in revenue over the twelve months to Jun 30, 2026, up 9.6% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 14 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
STAG’s reported profit surged, but reinvestment and rising leverage absorbed much of the cash produced by its expanding asset base.
FY2025 net income rose44.6% , yet operating cash flow increased just0.7% , showing earnings improved faster than cash generation. That mismatch coincided with free cash flow falling16.5% as capital expenditures rose35.9% , indicating growth required heavier reinvestment rather than converting proportionally into distributable cash.
The balance sheet is becoming more debt-funded: total liabilities reached
Cash allocation is tighter than headline profit suggests: FY2025 free cash flow was
Financial Health Signals
Scored against REITs for FY2025. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed: here 4 of 6, with the others left out rather than counted as zero. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of STAG INDUSTRIAL, INC.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
FFO Margin measures funds from operations against revenue, and funds from operations is net income with property depreciation added back, since a building written down a little further every year on paper is often worth more rather than less. STAG INDUSTRIAL, INC. scores 94/100 on it among other REITs.
FFO Growth follows the three-year path of funds from operations, which is net income with property depreciation added back. STAG INDUSTRIAL, INC. scores 61/100 on it among other REITs.
Not available for STAG INDUSTRIAL, INC., so it is left out of the overall score, which averages the 4 of 6 dimensions that can be computed.
Not available for STAG INDUSTRIAL, INC., so it is left out of the overall score, which averages the 4 of 6 dimensions that can be computed.
AFFO Margin takes funds from operations, subtracts the spending a REIT needs just to keep its properties in working order, and measures what is left against revenue. STAG INDUSTRIAL, INC. scores 87/100 on it among other REITs.
Dividend coverage measures funds from operations against the dividends actually paid, and a figure above 1 means the payout came out of operations. STAG INDUSTRIAL, INC. scores 72/100 on it among other REITs.
STAG INDUSTRIAL, INC. passes 5 of 7 computable financial strength tests (2 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), the one computable operating efficiency signal (asset turnover improving) passes.
For every $1 of reported earnings, STAG INDUSTRIAL, INC. generates $1.69 in operating cash flow ($463.4M OCF vs $273.5M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
STAG INDUSTRIAL, INC. generated $224.4M in revenue in Q2 2026. This represents an increase of 8.1% from the same quarter a year earlier. Against the prior quarter it is up 0.1%.
STAG INDUSTRIAL, INC. reported $52.9M in net income in Q2 2026. This represents an increase of 5.8% from the same quarter a year earlier. Against the prior quarter it is down 14.6%.
STAG INDUSTRIAL, INC. earned $0.28 per diluted share (EPS) in Q2 2026. This represents an increase of 3.7% from the same quarter a year earlier. Against the prior quarter it is down 12.5%.
Not reported for Q2 2026.
Cash & Balance Sheet
STAG INDUSTRIAL, INC. generated $38.8M in free cash flow in Q2 2026, representing cash available after capex. This represents a decrease of 37.8% from the same quarter a year earlier. Against the prior quarter it is down 49.1%.
STAG INDUSTRIAL, INC. held $65.9M in cash against $3.5B in long-term debt as of Q2 2026.
STAG INDUSTRIAL, INC. paid $0.39 per share in dividends in Q2 2026. This represents an increase of 5.4% from the same quarter a year earlier. It is unchanged from the prior quarter.
Margins & Returns
STAG INDUSTRIAL, INC.'s net profit margin was 23.6% in Q2 2026, showing the share of revenue converted to profit. This is down 0.5 percentage points from the same quarter a year earlier. Against the prior quarter it is down 4.1 percentage points.
STAG INDUSTRIAL, INC.'s quarterly ROE was 1.5% in Q2 2026: one quarter's net income over shareholder equity, not annualized. That is unchanged from the same quarter a year earlier. Against the prior quarter it is down 0.3 percentage points.
Not reported for Q2 2026.
Not reported for Q2 2026.
Capital Allocation
STAG INDUSTRIAL, INC. invested $72.2M in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 45.6% from the same quarter a year earlier. Against the prior quarter it is up 74.6%.
Not reported for Q2 2026.
Not reported for Q2 2026.
STAG Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $224.4M+8.1% | $224.2M+9.1% | $220.9M+10.8% | $211.1M+10.7% | $207.6M+9.4% | $205.6M+9.6% | $199.3M+8.7% | $190.7M+6.4% |
| SG&A Expenses | $13.5M+5.0% | $13.9M+4.1% | $13.6M+8.9% | $12.2M+1.6% | $12.9M+9.1% | $13.3M+2.7% | $12.4M+6.7% | $12.0M+7.9% |
| Interest Expense | $37.5M+11.5% | $35.9M+10.3% | $34.3M+8.4% | $31.7M+10.3% | $33.6M+22.8% | $32.5M+28.0% | $31.7M+24.9% | $28.7M+20.8% |
| Net Income | $52.9M+5.8% | $62.0M-32.2% | $83.5M+63.8% | $48.6M+16.2% | $50.0M-16.4% | $91.4M+149.5% | $51.0M+22.1% | $41.9M-16.4% |
| EPS (Basic) | $0.28+3.7% | $0.32-34.7% | $0.44+57.1% | $0.26+13.0% | $0.27-18.2% | $0.49+145.0% | $0.28+21.7% | $0.23-17.9% |
| EPS (Diluted) | $0.28+3.7% | $0.32-34.7% | $0.44+57.1% | $0.26+13.0% | $0.27-18.2% | $0.49+145.0% | $0.28+21.7% | $0.23-17.9% |
| Diluted Shares (Avg) | 191M+2.4% | 191M+2.4% | N/A | 187M+2.5% | 187M+2.6% | 187M+2.6% | N/A | 182M+0.6% |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Operating Income, EBITDA, Income Tax.
STAG Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $7.5B+9.6% | $7.2B+4.9% | $7.2B+5.5% | $6.9B+5.0% | $6.8B+5.9% | $6.8B+8.8% | $6.8B+8.8% | $6.6B+4.6% |
| Cash & Equivalents | $65.9M+328.4% | $8.9M-5.0% | $14.9M-58.9% | $17.3M-75.3% | $15.4M-53.8% | $9.3M-24.9% | $36.3M+74.9% | $70.0M+539.9% |
| Accounts Receivable | $161.1M+15.9% | $161.4M+13.7% | $156.5M+14.7% | $145.0M+13.0% | $138.9M+11.0% | $141.9M+10.2% | $136.4M+6.3% | $128.4M+6.3% |
| Total Liabilities | $3.8B+14.0% | $3.5B+6.5% | $3.5B+7.0% | $3.4B+6.1% | $3.3B+9.1% | $3.3B+15.1% | $3.3B+16.4% | $3.2B+15.1% |
| Long-Term Debt | $3.5B+13.4% | $3.2B+5.7% | $3.3B+7.8% | $3.1B+6.0% | $3.0B+8.9% | $3.0B+14.2% | $3.0B+15.4% | $2.9B+14.7% |
| Total Equity | $3.6B+5.4% | $3.6B+3.4% | $3.6B+4.0% | $3.4B+3.9% | $3.4B+3.0% | $3.5B+3.4% | $3.5B+2.5% | $3.3B-3.6% |
| Retained Earnings | -$1.1Bn/m | -$1.0Bn/m | -$1.0Bn/m | -$1.0Bn/m | -$1.0Bn/m | -$1.0Bn/m | -$1.0Bn/m | -$1.0Bn/m |
Not reported in any period shown, so not listed: Current Assets, Short-Term Investments, Inventory, Long-Term Investments, Goodwill, Current Liabilities, Non-Current Liabilities.
STAG Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $110.9M-0.8% | $117.4M+13.4% | $104.5M-0.4% | $143.5M+12.1% | $111.9M-8.5% | $103.5M-1.5% | $104.9M+14.6% | $128.0M+23.9% |
| Depreciation & Amortization | $82.2M+10.4% | $78.6M+6.4% | $77.5M+4.9% | $76.0M+4.8% | $74.5M-1.1% | $73.9M+3.5% | $73.9M+3.7% | $72.5M+3.9% |
| Stock-Based Compensation | $7.0M | $3.5M+8.8% | N/A | N/A | N/A | $3.2M+9.7% | N/A | N/A |
| Capital Expenditures | $72.2M+45.6% | $41.3M-10.8% | $60.6M-10.0% | $48.0M+16.4% | $49.6M+187.6% | $46.3M+88.1% | $67.4M+124.8% | $41.2M+83.2% |
| Free Cash Flow | $38.8M-37.8% | $76.1M+33.0% | $43.8M+16.7% | $95.5M+10.1% | $62.3M-40.7% | $57.2M-29.0% | $37.6M-39.0% | $86.7M+7.4% |
| Investing Cash Flow | -$316.4Mn/m | -$92.0Mn/m | -$260.4Mn/m | -$147.2Mn/m | -$64.7Mn/m | -$24.9Mn/m | -$340.5Mn/m | -$142.9Mn/m |
| Financing Cash Flow | $232.9Mn/m | -$87.2Mn/m | $238.4M+18.1% | -$13.7M-126.6% | -$59.4M-184.2% | -$68.0Mn/m | $201.9M+3607.2% | $51.6M-49.3% |
| Dividends Paid | $75.8M+6.7% | $24.3M-65.8% | $71.0M+3.1% | $71.0M+3.6% | $71.0M+3.1% | $71.0M+3.4% | $68.8M+0.9% | $68.5M+0.8% |
Not reported in any period shown, so not listed: Share Buybacks.
STAG Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Net Margin | 23.6%-0.5pp | 27.7%-16.8pp | 37.8%+12.2pp | 23.0%+1.1pp | 24.1%-7.4pp | 44.5%+24.9pp | 25.6%+2.8pp | 21.9%-6.0pp |
| Return on Equity | 1.5%0.0pp | 1.7%-0.9pp | 2.3%+0.8pp | 1.4%+0.2pp | 1.5%-0.3pp | 2.6%+1.6pp | 1.5%+0.2pp | 1.3%-0.2pp |
| Return on Assets | 0.7%0.0pp | 0.9%-0.5pp | 1.2%+0.4pp | 0.7%+0.1pp | 0.7%-0.2pp | 1.3%+0.8pp | 0.8%+0.1pp | 0.6%-0.2pp |
| Debt-to-Equity | 0.95+0.1x | 0.890.0x | 0.910.0x | 0.910.0x | 0.880.0x | 0.87+0.1x | 0.88+0.1x | 0.89+0.1x |
| Liabilities-to-Equity | 1.04+0.1x | 0.980.0x | 0.980.0x | 0.990.0x | 0.96+0.1x | 0.95+0.1x | 0.96+0.1x | 0.97+0.2x |
| Asset Turnover | 0.030.0x | 0.030.0x | 0.030.0x | 0.030.0x | 0.030.0x | 0.030.0x | 0.030.0x | 0.030.0x |
| FCF Margin | 17.3%-12.7pp | 34.0%+6.1pp | 19.9%+1.0pp | 45.2%-0.2pp | 30.0%-25.3pp | 27.8%-15.1pp | 18.9%-14.8pp | 45.5%+0.4pp |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| STAG INDUSTRIAL, INC. STAG | FY2025 | $845.2M | $273.5M | 32.4% | $7.0B | 79/100 |
| First Industrial Realty Trust, Inc. FR | FY2025 | $727.1M | $247.4M | 34.0% | $7.3B | 72/100 |
| Terreno Realty Corporation TRNO | FY2025 | $476.4M | $403.0M | 84.6% | $7.1B | 77/100 |
| EastGroup Properties Inc. EGP | FY2025 | $721.3M | $257.4M | 35.7% | $10.7B | 78/100 |
| CubeSmart CUBE | FY2025 | $1.1B | $333.8M | 29.7% | $9.0B | 60/100 |
Where STAG INDUSTRIAL, INC. Ranks
Frequently Asked Questions
What is STAG INDUSTRIAL, INC.'s annual revenue?
STAG INDUSTRIAL, INC. (STAG) reported $845.2M in total revenue for fiscal year 2025. This represents a 10.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is STAG INDUSTRIAL, INC.'s revenue growing?
STAG INDUSTRIAL, INC. (STAG) revenue grew by 10.1% year-over-year, from $767.4M to $845.2M in fiscal year 2025.
Is STAG INDUSTRIAL, INC. profitable?
Yes, STAG INDUSTRIAL, INC. (STAG) reported a net income of $247.0M over the trailing 12 months to June 30, 2026. In fiscal year 2025 it reported a net income of $273.5M, with a net profit margin of 32.4%.
How much debt does STAG INDUSTRIAL, INC. have?
As of fiscal year 2025, STAG INDUSTRIAL, INC. (STAG) had $14.9M in cash and equivalents against $3.3B in long-term debt.
What is STAG INDUSTRIAL, INC.'s net profit margin?
STAG INDUSTRIAL, INC. (STAG) had a net profit margin of 32.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does STAG INDUSTRIAL, INC. pay dividends?
Yes, STAG INDUSTRIAL, INC. (STAG) paid $1.49 per share in dividends during fiscal year 2025.
What is STAG INDUSTRIAL, INC.'s return on equity (ROE)?
STAG INDUSTRIAL, INC. (STAG) has a return on equity of 7.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is STAG INDUSTRIAL, INC.'s free cash flow?
STAG INDUSTRIAL, INC. (STAG) generated $258.9M in free cash flow during fiscal year 2025. This represents a -16.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is STAG INDUSTRIAL, INC.'s operating cash flow?
STAG INDUSTRIAL, INC. (STAG) generated $463.4M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are STAG INDUSTRIAL, INC.'s total assets?
STAG INDUSTRIAL, INC. (STAG) had $7.2B in total assets as of fiscal year 2025, including both current and long-term assets.
What are STAG INDUSTRIAL, INC.'s capital expenditures?
STAG INDUSTRIAL, INC. (STAG) invested $204.5M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is STAG INDUSTRIAL, INC.'s debt-to-equity ratio?
STAG INDUSTRIAL, INC. (STAG) had a debt-to-equity ratio of 0.91 as of fiscal year 2025. We compute it as long-term debt divided by total shareholder equity, where long-term debt is the noncurrent part of the company's borrowings, so debt due within the next twelve months is not counted.
What is STAG INDUSTRIAL, INC.'s liabilities-to-equity ratio?
STAG INDUSTRIAL, INC. (STAG) had a liabilities-to-equity ratio of 0.98 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity.
What is STAG INDUSTRIAL, INC.'s return on assets (ROA)?
STAG INDUSTRIAL, INC. (STAG) had a return on assets of 3.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is STAG INDUSTRIAL, INC.'s P/E ratio?
STAG INDUSTRIAL, INC. (STAG) trades at 28.3x earnings, its market capitalization divided by $247.0M net income, trailing 12 months to June 30, 2026. The market capitalization is $7.0B as of Oct 26, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is STAG INDUSTRIAL, INC.'s price-to-sales ratio?
STAG INDUSTRIAL, INC. (STAG) trades at 7.9x sales, its market capitalization divided by $880.6M revenue, trailing 12 months to June 30, 2026. The market capitalization is $7.0B as of Oct 26, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is STAG INDUSTRIAL, INC.'s Piotroski F-Score?
STAG INDUSTRIAL, INC. (STAG) has a Piotroski F-Score of 5 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are STAG INDUSTRIAL, INC.'s earnings high quality?
STAG INDUSTRIAL, INC. (STAG) has an earnings quality ratio of 1.69x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is STAG INDUSTRIAL, INC.?
STAG INDUSTRIAL, INC. (STAG) scores 79 out of 100 on our Financial Health Score, indicating strong standing within its REITs peer group. The score is the average of six dimensions (FFO Margin, FFO Growth, Leverage, Interest Cov., AFFO Margin, Dividend Cov.), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. For STAG INDUSTRIAL, INC. it averages the 4 of 6 dimensions that can be computed; the others are left out rather than counted as zero. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.